USDT Price INR

What Is Tether (USDT)?

Tether (USDT) is a US dollar-pegged stablecoin, meaning it is a crypto token designed to closely track the value of 1 US dollar, minimizing price volatility. Tether, the issuing entity, seeks to maintain this $1 target by holding reserve assets and adjusting supply—“minting” (issuing new tokens) or “burning” (redeeming and removing tokens from circulation) as required. USDT is a token that exists across multiple blockchains as a smart contract-based asset.

Current Price, Market Cap, and Circulating Supply of Tether (USDT)

As of 2026-01-22 08:50 UTC, USDT is priced at approximately $0.999201; circulating supply stands at about 186,917,302,715.80444 USDT; circulating market cap is around $186,767,923,054.04; total supply is roughly 189,486,597,068.5769 USDT; fully diluted market cap is about $189,335,164,090.64; with a market dominance of 6.1562%. The 24-hour trading volume is approximately $107,137,445,670.79 across about 167,734 trading pairs (data sourced from public market aggregators).

To view the price in Indian Rupees, simply multiply the USDT price in USD by the current USD/INR exchange rate.

Who Created Tether (USDT) and When?

USDT was first launched in 2014 under the name Realcoin before being rebranded as Tether. It is issued by Tether Limited and is associated with the iFinex ecosystem. Originally built on Bitcoin’s Omni layer, USDT later expanded to Ethereum (ERC-20), Tron (TRC-20), and other blockchains, establishing itself as one of the most widely used USD stablecoins for trading and settlement (sources: public records and Tether’s official site).

How Does Tether (USDT) Work?

USDT maintains its peg to the US dollar through a “reserve-backed mint/burn” mechanism. Users or institutions deposit fiat currency (such as USD) or other assets with Tether, which then mints an equivalent amount of USDT. When users redeem USDT, those tokens are burned and the corresponding fiat or equivalent asset is returned.

“Pegging” means that USDT aims to maintain a value of exactly $1. Arbitrage opportunities arise whenever USDT deviates from this target, encouraging market participants to buy or redeem USDT and thereby help stabilize its price. USDT operates as a token on multiple blockchains (“on-chain” refers to transactions recorded and transferred on blockchain networks). Different networks feature distinct transfer fees and speeds.

Tether publishes third-party attestation reports (by accounting firms; note these are reviews, not full audits) detailing its reserves’ composition and scale. Users can view monthly disclosures on the Tether Transparency page (as of January 2026).

What Can Tether (USDT) Be Used For?

• Trading Pair & Hedging: Convert more volatile crypto assets into USDT to lock in USD value and mitigate short-term price swings.
• Cross-Border Transfers & Settlement: Transfer USDT on-chain for faster settlement compared to traditional cross-border processes; network fees (“gas fees,” paid to blockchain validators) apply based on the chosen blockchain.
• DeFi Liquidity: In decentralized finance (DeFi), USDT commonly serves as liquidity or collateral for lending, market making, and yield strategies.

Wallets and Ecosystem Extensions for Tether (USDT)

• Custodial Accounts: Managed through exchange accounts for ease of use and quick transfers, but require trust in the platform’s custody.
• Self-Custody Wallets: Users control their own private keys and mnemonic phrases—full asset control but also full responsibility for secure backup and protection. Common types include mobile wallets, browser extension wallets, and hardware wallets.
• Multi-Chain Support: USDT is widely available on TRC-20 (Tron), ERC-20 (Ethereum), and more. Each network has unique address formats, fees, and confirmation times—always match the withdrawal/deposit network with your target address.
• Extension Tools: Cross-chain bridges and aggregators enable USDT migration between blockchains but require caution regarding contract security and transaction costs.

Main Risks and Regulatory Considerations for Tether (USDT)

• Issuer & Reserve Risks: Monitor Tether’s reserve composition, liquidity, and frequency/quality of attestation reports. Attestations are not full audits—ongoing transparency and timeliness are important.
• Depegging Risk: In extreme markets or liquidity crunches, USDT may temporarily deviate from $1. Using deep-liquidity markets and appropriate order types can reduce impact.
• On-Chain & Contract Risks: Sending assets to the wrong network or contract address can result in permanent loss—always verify official contract details.
• Compliance & Freezing: Under legal or compliance requirements, some issuer-supported addresses may be blacklisted or frozen. Always comply with local regulations when holding or using USDT.
• Platform vs. Self-Custody: Custodying funds on platforms introduces platform risk; self-custody requires careful management of your private keys/mnemonics and vigilance against phishing scams.

How Do I Buy and Securely Store Tether (USDT) on Gate?

Step 1: Register a Gate account and complete KYC (identity verification) to increase limits and meet compliance standards.

Step 2: Enable account security features—set up two-factor authentication (2FA) for logins and withdrawals, configure an anti-phishing code, and activate withdrawal whitelists to restrict withdrawals to pre-approved addresses.

Step 3: Deposit funds—either purchase with fiat or deposit other cryptocurrencies to exchange for USDT on the spot market. Pay attention to fees and deposit times.

Step 4: Place your order—choose a spot trading pair with USDT. Select a market order for immediate execution at current prices or a limit order to set your desired price.

Step 5: Choose storage method—short-term traders can keep funds on Gate; for long-term holding or large amounts, transfer USDT to a self-custody wallet. Always back up your mnemonic phrase and consider hardware encryption.

Step 6: Withdraw & select network—when withdrawing USDT, confirm your recipient’s address network (e.g., TRC-20 or ERC-20). Network fees and speed vary; choosing the wrong network may result in lost funds.

Step 7: Ongoing risk management—regularly review security settings, watch for phishing links and fake support staff, never share codes or your mnemonic phrase, and test large transfers with small amounts first.

How Is Tether (USDT) Different From USD Coin (USDC)?

• Issuer & Compliance: USDT is issued by Tether; USDC is issued by Circle with a focus on U.S. regulatory compliance. Both publish reserve attestations but differ in frequency and disclosure details.
• Market Position & Liquidity: As of 2026, USDT leads in market cap and number of trading pairs with broader liquidity; USDC has deeper penetration in certain regulated environments and institutional partnerships.
• Multi-Chain Distribution & Fees: Both support multiple blockchains. In practice, TRC-20 USDT often offers lower transfer fees; USDC enjoys closer integration with Ethereum and some newer blockchains due to project partnerships.
• Freezing & Blacklists: Both can freeze addresses for compliance reasons—the criteria are set by issuers in response to legal requirements. Conclusion: Both are USD stablecoins; choose based on transaction fees, ecosystem integration, compliance needs, liquidity preference, and supported platforms.

Summary of Tether (USDT)

USDT is one of the most widely used USD stablecoins, providing an on-chain settlement and pricing tool that closely tracks the dollar. Its reserve-backed mint/burn mechanism enables liquidity for trading, transfers, and DeFi across multiple blockchains. When using USDT, focus on three key points: always confirm networks and contract addresses before transferring; monitor issuer transparency and liquidity to minimize depegging or redemption issues; weigh fees and compliance requirements according to your needs. For beginners, follow Gate’s step-by-step buying process, diversify storage methods with robust security measures, and check Tether’s transparency reports regularly for safe usage.

FAQ

How Much Is 1 USDT in Indian Rupees?

The exchange rate between USDT and Indian Rupees fluctuates in real time—typically ranging from INR 84 to 92 per USDT. Check real-time rates for the USDT/INR trading pair on Gate or use crypto price trackers for updates. Because INR rates vary, always verify current prices before trading.

How Much Is One USDT Worth in USD?

1 USDT is generally valued at about $1 USD. This reflects its fundamental stablecoin mechanism—maintaining a 1:1 peg with the dollar. Issued by Tether and reportedly fully backed by reserves, its price is typically stable with only minor fluctuations due to market liquidity.

What’s the Difference Between USDT and USDC?

Both are USD stablecoins but have different issuers—USDT by Tether (largest market liquidity/multi-chain support), USDC by Circle (greater regulatory transparency/lower risk profile). Choose based on platform support and risk preference; Gate supports both.

Why Use USDT Instead of USD Directly?

USDT acts as a digital dollar on blockchain—enabling instant transfers across platforms without banking intermediaries at lower cost. For global users, USDT offers more convenience than traditional dollars—you can trade easily on Gate or move funds cross-chain to other platforms far beyond what traditional bank wires allow.

How Do I Trade USDT for Indian Rupees on Gate?

Register with Gate and complete identity verification. Buy or deposit USDT into your spot wallet; search for the USDT/INR trading pair to exchange directly. If Gate does not support that pair, swap your USDT for USDC or another currency first—then use alternative channels for INR conversion. Be sure to check all transaction fees in advance.

Tether (USDT) Key Terms Glossary

• Stablecoin: A cryptocurrency pegged to fiat currencies such as the USD to reduce market volatility risk.
• Reserves: USD or equivalent assets held by issuers backing their stablecoin redemption commitments.
• On-chain Transfer: Peer-to-peer value movement conducted via blockchain networks—transparent and fast.
• Cross-chain Bridge: Technology that enables USDT movement between multiple blockchains like Ethereum or Tron.
• Trading Pair: The listing of two cryptocurrencies for direct exchange pricing—e.g., USDT paired with another asset.
• Liquidity: The amount of USDT available for trading in markets—affecting speed of execution and price stability.

Tether (USDT) References & Further Reading

• Official Website / Whitepaper:

  • https://tether.to/
  • https://tether.to/en/transparency
  • https://tether.to/en/whitepaper

• Developer Documentation:

  • https://github.com/tetherto
  • https://developers.tether.to/
  • https://tether.to/en/api

• Trusted Media / Research:

  • https://tether.to/en/transparency/reports
  • https://www.coindesk.com/
  • https://www.theblock.co/